Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-09-17
THE CATTLE PUOL.
How tho Gigantic Enterprise Is Re
ceivsd L0ealiy-Mr. Chester Sny.
der Says 1t VIII Be Tried as an
Experiment.
s250, GOO, 900 VIII be Evpr,sented N thu
Observation-Disclosures with promi-
neat CettIemeu en- the subject.

pool Formed 81 DSnVeI Ou Ctt lNtay UNcl-
shadows any ike combination Of leSiti-
mate business Interests in the history of
the country if carried out as proposed in
the resolutions adopted ST the meeting
and reported fully in the Times Of Jee-
terday.
The news came TO the cattlemen OF
Kansas City, with two or three e1cep-
tons, ns q complete surprise. Net 6
rumor of any such organization had
reached them, yet four weeks ago the
movement resulting in Saturdays action
was set on foot. Two weeks ago q quiet
meeting was held in Denver and tie pre-
liminaries for the organization were
arranged. The first movers in
the enterprise were r. c.
Head, Fine Ernest, J. Brush snd
Ex-Governor R5utt OF Denver, Ne!se Nor
ris, of Chicago, Thomas Sturgis of
Cheyenne, Colonel Deer Of Pueblo, ex-
Senator Dorsey CT New Mexico, snd
Andy j Snider Of Kansas City. These
gentlemen are among the heaviest cst:le
owners in the west, end they confidently
counted on securing z combination repre-
sentirg financial interest invested in the
cattle business Ct $3.50 900, 600. Thsse
gentlemen, IN common with the entire
cattle interest, have suffered from the
gradual decline IN the values Of live cattle
duriog the past two years. Plans TO
reme5y this, as is well known, have
often been proposed and inyaria-
bly, proven imDraCtiCable. a gTCal
deal OF correspondence passed be-
tween those interested prior to
the informal meeting fortnight ago, al
which plan was Outlined TIC enter into q
contract with Armour & Co. to slaughter
and market our fat cattle ct nominal
price Of 50 80 per head, giving the ship
per the entire proceeds OF the animal less
freight and selling commission on dressed
beet in the cyst
Mr.. a. S. Mercer, one Of the foremost
Of WyOming's csttlemen, was delegated
to confer with Armour & Co. This firm
at once agreed to the proposition, which
will put them out Of the market as buyers
This arranged, s Csll was issued for TIE
meeting Of Saturday, which resulted in
the formation of the Anne rican beef pool.
At the outset the gentlemen put them
selves on square business basis by
sitting idlIy just what is proposed. The
pool is for the mutual benefit CT beef
producers in handling and disposing Of
Csttle after their shipment. No capital
stock will be issued, no dividends de-
csared, and 10 profit sought to 0e made
as an organization. TIE sim is simply to
increase the net value Of beef to the pro
Queer. IRE consumer will ii no wise be
If Cted. The only charge TO the mem
oership for me support Of the OTgGnizR-
Il il vii. be 80 cents per head upon sll
beef cattle shipped 10 or through II. Anv
surplus goes back 10 the producers when
necessary expenses are paid. The affsira
Ct he pool arc 10 6e governed by board
OF directors tC be composed wholly OF
cattle producers.
Tn. headquarters OF the pool were 10
Gated L. Kansas City, where the news OF
the organization was first received with
credulitv, snd amusement followed SO the
gigantic scope Of the enterprise was real
IL Il.
Andy J. Snider, the president Of the
pool, Is looking after his interests ia the
Indian Territory, and WAS not s. the Den
yer meeting. Yesterday his son received
for him the following dispatch from
MesseTs. II. NJ. Taylor and A. S. Mercer
at Denver:
Organization completed, You are
elected president unanimously. All cat
tie men here favor it and predict success
VIII arrange some preliminary work west
and will meet you with secretary and
executive board in Kansas City soon"
"That prObsbly mesns sometime this
we5 X, said Mr.. Chester Snyder
"Aud what dc you think of the poOl?''
at is SO much in its infancy yet-is
more CT trial than anything else, msy
say, that | cannot express an opinion 81
TO now it viii come out. 1t is an expert
ment only, take it. The plan will be
given good, fair trial.
''YOu expect il TO suCceed?"
81 don't know. In general, all cattle
rsisers hope it will. Ranchmen have felt
great depression in their business fol
the past two or three yesrs on account Of
hard winters and the stock not wintering
well. Men who sold out during the great
boom in cattle made big money. Then
they turned right around anG not only put
back in the cattle business sll that they
had realized on their property,
but borrowed ell they could and
put that IL with it. When hard
times came they went under. They
thought there was no end to the business
but found out differently. Trade IS ver7
much depressed TO what it was. In
1S7l-2 times were about as they are now.
Then they picked up until three years
ago. A great amount of grazing land hiss
bten taken away from csttlemen. South,
ern Kansas has rapidly filed up, and
while some made money the generality 81
csttlemen hGve lost. Some have been
completely wiped out-not 10 the last
steer, but to get the remnants of herd
together would cost more than their
value. Now, in this pool, if all work TO.
gejher and it is tightly managed, if car
not fail Of being grest thing. The aim
is to give each producer just what bis
beef is worth and regulate the supply so
that the market will be kept steady"
Oft is certain to be given trial?''
1--WE are inclined to give 1t trial this
fall. 10 fact, may say positively that
We will. We have 5000 Or 1000 head of
cattle still to ship. We have faith in the
pool to the extent that we are willing to
give It trial with these. l suppose the
amount of the cattle industry coming into
the pool will represent s250,000, 0OO."
Sand how will it affect Kansas City?"
Everything like this adds to the help
OF city. There is no question but what
it will Go good. It is a cash enterprise.
you see. There are no payments made in
notes running Sc many days or months or
years. Everything is on a strictly cash
basis. The headquarters Of the associa-
ton will be here, which is good deal.